Shri Bajrang Power & Ispat Ltd (of Goyal Group) is planning to set up a steel plant in Beoharai Tehsil in Shahdol district of Madhya Pradesh. The project cost is estimated at Rs. 7800 million and will also have a captive power plant of 64 MW. Land acquisition for the project has been completed. The company has signed an MoU with the state government of Madhya Pradesh